Aspen Added to Russell 3000 and Russell 2000 Investment Indexes.HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen" or "the Company") (NYSE NYSE See: New York Stock Exchange :AHL AHL American Hockey League AHL Action Half-Life (Half-Life modification) AHL Acyl Homoserine Lactone AHL Aramark Harrison Lodging AHL Acylated Homoserine Lactone AHL Association for the History of Language AHL Architects Hawaii Ltd ) today announced that Aspen received notification it will be added to the Russell 3000[R] broad-market index and the Russell 2000[R] small-cap stock market equity index on June 22, 2007. The Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. are widely used by investment managers and institutional investors as benchmarks for both passive and active investment strategies. Chris O'Kane, Aspen's Chief Executive Officer, commenting on the index inclusions said: "I am pleased that Aspen has been added to the Russell 3000[R] and the Russell 2000[R] indexes. With more than $4 trillion in assets benchmarked against the Russell indexes, Aspen's membership in two of the largest Russell indexes provides new routes for investors to access our stock." Membership in the Russell 3000[R] and the Russell 2000[R] remain in place for one year, and the Russell 3000[R] serves as the U.S. component of the Russell Global Index. Russell determines membership for its equity indexes primarily by objective, market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and style attributes. About Aspen Insurance Holdings Limited Aspen is a Bermudian holding company that provides property and casualty reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. in the global market, property and liability insurance principally in the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide. Aspen's operations are conducted through its wholly-owned subsidiaries located in London, Bermuda and the United States: Aspen Insurance UK Limited ("Aspen Re"), Aspen Insurance Limited and Aspen Specialty Insurance Company. Aspen has four operating segments: property reinsurance, casualty reinsurance, specialty insurance and reinsurance and property and casualty insurance. For more information about Aspen, please visit the Company's website at www.aspen.bm. Application of the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This press release contains written, and Aspen's officers may make related oral, "forward-looking statements" within the meaning of the U.S. federal securities laws regarding Aspen's membership in the Russell indexes. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "estimate," "may," "continue," and similar expressions of a future or forward-looking nature. All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Aspen's control that could cause actual results to differ materially from such statements. For a detailed description of uncertainties and other factors that could impact the forward-looking statements in this release, please see the "Risk Factors" section in Aspen's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006, filed with the U.S. Securities and Exchange Commission on February 22, 2007. |
|
|||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion